Form 990 for tax year 2023
Filed by WICHITA FALLS BALLET THEATER INC.
Totals
- Total revenue
- $419,261
- Total expenses
- $437,320
- Contributions and grants received
- $240,980
- Grants paid
- $0
- Program service revenue
- $165,096
- Investment income
- $0
- Other revenue
- $13,185
- Total assets, end of year
- $381,501
- Total liabilities, end of year
- $385,985
- Net assets or fund balances, end of year
- -$4,484
- Program services expenses (Part IX)
- $339,055
- Management and general expenses
- $94,924
- Fundraising expenses
- $3,341
- Program service expenses (Part III)
- $339,055
Program services were 77.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$240,980
-
2a · Program service revenue: TICKET SALES
total $92,876 · related or exempt $92,876
-
2b · Program service revenue: BOUTIQUE AND MERCHANDIS
total $31,978 · related or exempt $31,978
-
2c · Program service revenue: COMPANY DUES
total $1,257 · related or exempt $1,257
-
2d · Program service revenue: PROGRAM AD REVENUE
total $32,804 · related or exempt $32,804
-
2e · Program service revenue: AUDITION FEES
total $5,130 · related or exempt $5,130
-
2f · All other program service revenue
total $1,051 · related or exempt $1,051
-
8a · Fundraising events: gross income
$52,260
-
8b · Fundraising events: direct expenses
$39,075
-
8c · Net income from fundraising events
total $13,185 · excluded $13,185
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $62,289 · program services $13,828 · management and general $46,038 · fundraising $2,423
-
10 · Payroll taxes
total $4,371 · program services $930 · management and general $3,269 · fundraising $172
-
11c · Fees: accounting
total $6,621 · management and general $6,290 · fundraising $331
-
12 · Advertising and promotion
total $70,647 · program services $70,232 · fundraising $415
-
15 · Royalties
total $600 · program services $600
-
16 · Occupancy
total $7,687 · program services $7,687
-
17 · Travel
total $18,869 · program services $18,637 · management and general $232
-
20 · Interest
total $5,883 · management and general $5,883
-
22 · Depreciation, depletion and amortization
total $9,001 · program services $5,763 · management and general $3,238
-
23 · Insurance
total $10,724 · management and general $10,724
-
24a · Other expenses: TECH CREW
total $68,195 · program services $68,195
-
24b · Other expenses: STAGINGREHERSALS
total $22,640 · program services $22,640
-
24c · Other expenses: PERFORMERS
total $29,906 · program services $29,906
-
24d · Other expenses: BOUTIQUEMERCH SALES
total $22,598 · program services $22,598
-
24e · All other expenses
total $97,289 · program services $78,039 · management and general $19,250
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $105,755 · end of year $81,499
-
10a · Land, buildings and equipment: cost or other basis
$527,223
-
10b · Land, buildings and equipment: accumulated depreciation
$227,221
-
10c · Land, buildings and equipment, net
beginning of year $110,082 · end of year $300,002
-
17 · Accounts payable and accrued expenses
beginning of year $5,880
-
24 · Unsecured notes and loans payable
end of year $194,868
-
25 · Other liabilities
beginning of year $196,382 · end of year $191,117
-
27 · Net assets without donor restrictions
beginning of year $13,575 · end of year -$4,484
Mission and programs · 2023
Mission
BALLET PRODUCTIONS PRESENTED TO THE PUBLIC IN THE WICHITA FALLS AREA FOR THEIR ENJOYEMENT AND TO PROMOTE THE PERFORMING ARTS.
-
BALLET PRODUCTIONS PRESENTED TO THE PUBLIC IN THE WICHITA FALLS AREA FOR THEIR ENJOYEMENT AND TO PROMOTE THE PERFORMING ARTS.
Expenses $339,055 · Revenue $165,096
As filed on the 2023 return.
Listed in Part VII
-
Valentine LiberatoreVALENTINE LIBERATORE
EXECUTIVE DIRECTOR
- Total calculated
- $26,985
- From this org
- $26,985
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $26,985
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $26,985
-
Abigail WingnarajahABIGAIL WINGNARAJAH
DEVELOPMENT DIRECTOR
- Total calculated
- $25,000
- From this org
- $25,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Mishic LiberatoreMISHIC LIBERATORE
ARTISTIC DIRECTOR
- Total calculated
- $11,065
- From this org
- $11,065
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $11,065
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $11,065
-
Christina NeumannCHRISTINA NEUMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Kristina PindellKRISTINA PINDELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bertha SalazarBERTHA SALAZAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ginie RatliffGINIE RATLIFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Dustin Van TasselDUSTIN VAN TASSEL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Carolyn BellCAROLYN BELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Robert KincheloeROBERT KINCHELOE
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Michael NeumannMICHAEL NEUMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Carolyn MarylandCAROLYN MARYLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Brooke WillisBROOKE WILLIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510429349300411
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